Reflecting on the Anglo case, and this week's sentencing of two executive directors for lending company money to the Maple Ten to buy shares in Anglo itself (called a share support scheme), four key issues come to mind: the importance of board independence, the distinction between executive and non-executive directors, the question of whether directors can rely on the advice of experts, and moral hazard.
The problem with companies, especially publicly listed companies, is that...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team